Title: Asset Specificity,Transaction Frequency and Specialized Farmer Cooperatives
Abstract:In this paper,I attempt to analyze why the specialized farmer cooperatives exist from the point of asymmetric information,opportunism,asset specificity and transaction frequency.After analysis,I hold ...In this paper,I attempt to analyze why the specialized farmer cooperatives exist from the point of asymmetric information,opportunism,asset specificity and transaction frequency.After analysis,I hold that:specialized farmer cooperatives can partly solve the problems of adverse selection and moral hazard caused by asymmetric information;the inner institution of specialized farmer cooperatives can restrain farmers from doing opportunistic behaviors to some extent;specialized farmer cooperatives also play important roles in enhancing the asset specificity of farmers and enterprises and reducing transaction frequency,which would reduce transaction costs eventually.Read More
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: article
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